Automotive Wheel Rims Market Research Report: By Material (Steel, Alloy, and Carbon Fiber), By Rim Size (13”-15”, 16”-18”, 19”-21” and Above 21”), By Vehicle Type (Passenger Cars and Commercial Vehicles), By End-Use (OEM and Aftermarket) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

Automotive Wheel Rims Market Scenario

Global Automotive Wheel Rims Market is anticipated to register a CAGR of 5% between 2020 and 2026.

The automotive industry has witnessed growth due to the rising disposable income levels and changing lifestyles of the consumers, owing to which the sales of essential automotive components such as automotive wheel rims are likely to rise significantly. Enhanced functionality through innovations in wheel rims improves vehicle performance. This key factor, in turn, will drive the demand for automotive wheel rims in the coming years. However, the adoption of automotive wheel rims has been observed to be quite limited in the lower and middle-income countries due to the lack of awareness and low disposable income levels, which can restrict the growth of the market.

Wheel rims are cylindrical rings that hold the tires in an automobile. The rims ensure proper alignment of the tires and maintain the air pressure inside tubeless tires. Wheel rims need to be strong enough to bear the vehicle weight and withstand forces applied by vehicle operation.

The rims style the outer circular parts of the wheels. Materials such as steel, non-ferrous alloys, aluminum, and magnesium are used to produce rims in sophisticated designs. Alloy wheels are gaining popularity due to their appearance, as well as their low weight as compared to steel wheels. Wheel rims mainly affect the braking system of a vehicle. Wheel rims with larger diameters enable better airflow towards the braking system. Wheel rims are capable of carrying high bending and torsional loads and act as a supporting link to the suspension unit of the vehicle.

Key Players

Key players in the global automotive wheel rims market are TSW Alloy Wheels (US), Euromax Wheel (US), Maxion Wheels Inc. (US), VOXX International Corporation (US), Mobile Hi-Tech Wheels Inc. (US), Sota Offroad (US), Status Wheels (TUFF A.T) (US), Fuel Offroad Wheels (US), Wheel Pros Holdings, LLC (US), and Topy Industries Limited (Japan).

The global automotive wheel rims market has been segmented by material, rim size, vehicle type, end-use, and region. Based on material, the global automotive wheel rims market can be segmented into steel, alloy, and carbon fiber. The alloy segment is anticipated to record a significant CAGR in the coming years. By rim size, the automotive wheel rims market has been split into 13”-15”, 16”-18”, 19”-21”, and above 21”. The 13”-15” segment held a sizeable share and is anticipated to record a significant CAGR in the coming years. By vehicle type, the automotive wheel rims market has been split into passenger cars and commercial vehicles. The passenger car segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By end-use, the automotive wheel rims market can be bifurcated into OEM and aftermarket. The OEM segment is anticipated to record a high CAGR in the coming years.

Global Automotive Wheel Rims Market is anticipated to register a CAGR of 4% between 2020 and 2026.

Market Segmentation

The global automotive wheel rims market is expected to witness moderate growth during the forecast period owing to the growing vehicle production and increased demand for lightweight materials. These factors are expected to drive the demand for automotive wheel rims in the coming years.

Based on region, the global automotive wheel rims market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The Asia-Pacific region is projected to dominate the automotive wheel rims market in the coming years, which can be attributed to the increasing vehicle production and presence of prominent players operating in this region. Furthermore, the disposable income levels and spending capacity are increasing in the North American and European markets.

Intended Audience

• Government and Research Organizations


• Consulting Companies in the Automotive Wheel Rims Market


• Raw Material Suppliers


• Automotive Wheel Manufacturers


• Independent and Authorized Dealers of Automotive Wheels


• Research Consultants


• Investors and Shareholders

Report Scope:

Report Attribute/Metric	Details
Market Size	2027 : USD 55 billion Value 2030 : Significant value
CAGR	5% (2020-2027)
Base Year	2021
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Material, Rim Size, Vehicle Type, End-Use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	TSW Alloy Wheels (US), Euromax Wheel (US), Maxion Wheels Inc. (US), VOXX International Corporation (US), Mobile Hi-Tech Wheels Inc. (US), Sota Offroad (US), Status Wheels (TUFF A.T) (US), Fuel Offroad Wheels (US), Wheel Pros Holdings, LLC (US), and Topy Industries Limited (Japan)
Key Market Opportunities	Lack of awareness Low disposable income levels\r\n
Key Market Drivers	Enhanced functionality through innovations

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